Which of the Following Events Will Increase Long-Run Aggregate Supply

question 364

Multiple Choice

Which of the following events will increase long-run aggregate supply?

• A) an increase in the interest rate
• B) an increase in resource prices
• C) a decrease in expected profit
• D) an advance in technology

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Definitions:

Long-Term Benefits

Advantages or positive outcomes that occur over an extended period, often as a result of sustained efforts or strategies.

Awareness Problematic

A situation in which there is a lack of recognition, consideration, or understanding of issues or difficulties, leading to potential complications.

Contemplation Stage

A stage in the Transtheoretical Model of change where an individual is aware of a problem and is seriously considering addressing it but has not yet made a commitment to take action.

Action Stage

In behavior change, the phase where an individual actively implements strategies to alter a behavior, typically following preparation and planning stages.